TAOP

Strategic Transformation Drives Platform Expansion, Positions Company for Accelerated Growth TIANJIN, China, April 30, 2026 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), a provider of innovative Cloud-based technologies on the Smart City IoT platform, and related products and services, today reported financial results for the year ended December 31, 2025. The Company expects to file its annual report on Form 20-F for the year ended on December 31, 2025 with the U.S. Securities and Exchange Commission ("SEC") on or about April 30, 2026. Mr. Bin Ma, Co-CEO of Taoping, said, "Our 2025 financial performance reflects both deliberate strategic realignment and disciplined investment in future growth drivers. While revenue declined year-over-year, we diversified revenue streams and strengthened our balance sheet, positioning the Company to execute on its next phase of growth. We remain focused on improving gross margin through higher-value service offerings and expect operating efficiency to improve as platform revenues scale and recurring income becomes a larger component of our business mix." "We are encouraged by the early validation of this strategy. As highlighted by our recent smart elevator expansion, including over $3 million in new orders announced to date, we believe we are well positioned to capitalize on growing demand for intelligent, data-driven infrastructure solutions. While we cannot guarantee future results, we are optimistic about the long-term growth potential of this segment." "By integrating proprietary, AI-enabled technologies with real-world operational data, we believe we are not only improving efficiency and safety outcomes for our customers, but also building a scalable platform that positions Taoping at the forefront of intelligent infrastructure transformation. We expect that this approach will unlock meaningful operating leverage, expand margins over time, and create sustainable long-term value for our shareholders." Select Fiscal Year 2025 Financial Results For the fiscal year ended December 31, 2025, Taoping Inc. reported total revenue of $30.8 million, a decrease of approximately 16.0% year-over-year compared to $36.7 million in 2024. The decline primarily reflects the Company's continued strategic shift away from lower-margin legacy software and transactional businesses toward higher-value platform-based and AI-enabled...

TIANJIN, China, Dec. 29, 2025 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP) (the "Company"), a provider of innovative smart cloud platform services and solutions, today announced two significant strategic milestones underscoring its accelerating growth trajectory: the establishment of a new corporate headquarters and the signing of US$2 million in smart elevator renewal contracts. As part of its long-term growth and scale strategy, Taoping has officially relocated its corporate headquarters to a more prominent and strategic location in Tianjin, China. The new headquarters is situated in the Tiankai Higher Education Park on the 21st floor of Building 3, Tianjin Science and Technology Plaza, Keyan West Road, Nankai District, Tianjin. This move strengthens Taoping's operational foundation, enhances access to innovation resources, and positions the Company closer to key partners and customers stakeholders. Taoping will continue to maintain an active presence in Shenzhen, China, serving as its southern headquarters and innovation hub. Anchoring this relocation are the newly secured smart elevator renewal contracts valued at US$2 million, awarded to Taoping's newly acquired subsidiary, Skyladder (Tianjin) Technology Development Co., Ltd. The Company expects to complete the project and recognize the full contract value as revenue in the first quarter of 2026, providing near-term revenue visibility and reinforcing execution strength. China's elevator modernization market represents a substantial and rapidly expanding opportunity. According to official data from the State Administration for Market Regulation, China currently has approximately 12 million elevators in operation, with nearly 10% having been in service for more than 15 years. The large-scale renewal of aging elevators has become a national priority, supported by the July 2024 and January 2025 State-issued policy, "Several Measures on Strengthening Support for Large-scale Equipment Renewal and Consumer Goods Trade-in." Backed by favorable government policy, Taoping is addressing longstanding industry pain points through a technology-driven, data- and AI-enabled business model. Moving beyond the traditional single-equipment upgrade approach, Taoping leverages core technologies such as deep IoT perception and AI-powered autonomous decision-making to collect real-time elevator operational data through intellig...

SHENZHEN, China, April 29, 2025 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), a provider of innovative smart cloud platform services and solutions, today reported financial results for the year ended December 31, 2024. The Company expects to file its annual report on Form 20-F for the year ended on December 31, 2024 with the U.S. Securities and Exchange Commission ("SEC") on or about April 29, 2025. Mr. Jianghuai Lin, Chairman and CEO of Taoping, said: "2024 marked a significant transition year for the Company as we focused on developing new AI-driven products, while enhancing our existing solutions to become more feature-rich and AI-enabled. This resulted in a slight decrease in our revenue to $36.7 million for the full year 2024, compared to $38.6 million in 2023, which had benefitted from a surge in growth as we emerged from the COVID-19 shutdowns." "We are encouraged by the significant progress we have made and the growing customer demand for our cloud-based technologies for Smart City IoT platforms. China's accelerated urbanization rate remains a key driver of this demand and is expected to serve as a positive catalyst for our longer-term business growth." "Importantly, we believe we are well positioned for improved growth in the coming year. Our strategic investments in innovation have enabled us to develop a comprehensive portfolio of software and hardware offerings with fully integrated solutions. Underpinning our ecosystems are our industry-specific integrated advertisement display terminal products, digital advertising distribution technology platforms, resource exchange and sharing capabilities, and big data analysis services. As a result, we are confident that Taoping is in the right long-term markets with the right products and solutions. Our focus in 2025 at every level of the Company is on disciplined execution as we work to drive growth and deliver meaningful value for shareholders." Select Financial Results for the Year Ended December 31, 2024 Total revenue for the year ended December 31, 2024 was $36.7 million, compared to $38.6 million for the year ended December 31, 2023. The Company benefited from increased demand for its products and solutions which in many cases offer enhanced integration with popular AI components, and was offset by a decline in its traditional advertising and software revenue. The Company expects that r...